General Motors, Renault and Nissan today said that a meeting was held
between Carlos Ghosn, President and Chief Executive Officer of Renault,
SAS and Nissan Motor Co., Ltd., and Rick Wagoner, Chairman and Chief
Executive Officer of General Motors, Corp., regarding ongoing
discussions concerning the possibility of creating an industrial
alliance among these three companies.
Through the work of the three study teams, our companies continue to
explore the potential opportunities of an industrial alliance. The
teams are conducting a thorough and objective analysis of potential
synergies between all three companies with a focus on how an alliance
could generate significant shareholder value for each company.
Following today's meeting, it has been confirmed that the teams will
continue the studies through to the planned mid-October completion date.
No further information will be provided at this time.
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